File:Negative Production Externality Graph.png
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Negative_Production_Externality_Graph.png (553 × 412 pixels, file size: 52 KB, MIME type: image/png)
Captions
Captions
A graph showing the general market for the negative production externality of Pollution.
Summary
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| Description |
English: A negative production externality arises when a firm's production reduces the well-being of others without compensation. The graph shows that an unregulated market equilibrium will have higher quantity of pollution than the social equilibrium, but the market equilibrium also has lower costs to reduce a unit of pollution. For this reason, the market will shift and reduce pollution until the marginal benefit curve crosses the social marginal cost curve to get to the social optimum. |
| Date | |
| Source | Own work |
| Author | JessCZ |
Licensing
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I, the copyright holder of this work, hereby publish it under the following license:
This file is licensed under the Creative Commons Attribution-Share Alike 4.0 International license.
- You are free:
- to share – to copy, distribute and transmit the work
- to remix – to adapt the work
- Under the following conditions:
- attribution – You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
- share alike – If you remix, transform, or build upon the material, you must distribute your contributions under the same or compatible license as the original.
File history
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| Date/Time | Thumbnail | Dimensions | User | Comment | |
|---|---|---|---|---|---|
| current | 23:18, 8 November 2020 | | 553 × 412 (52 KB) | JessCZ (talk | contribs) | Uploaded own work with UploadWizard |
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